Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

cant figure out what im doing. please help! Exercise 20-8 (Algo) Manufacturing: Direct materials budget LO P1 Zira Company reports the following production budget for

cant figure out what im doing. please help!
image text in transcribed
Exercise 20-8 (Algo) Manufacturing: Direct materials budget LO P1 Zira Company reports the following production budget for the next four months. Each finished unit requires five pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 40% of next month's production needs. Beginning direct materials inventory for April was 1,308 pounds. Direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) Units to produce April 654 May 695 Units to produce Materials required per unit Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases June 687 July 667 ZIRA COMPANY Direct Materials Budget April $ 654 5 3,270 683 3.953 0 $ May 695 5 3,475 3,475 0 $ June 687 units 5 pounds 3,435 pounds pounds 3,435 pounds 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Connect For Financial Accounting

Authors: Author

6th Edition

1264140304, 9781264140305

More Books

Students also viewed these Accounting questions

Question

What is anti-synergy, and what can be done to counteract it?

Answered: 1 week ago

Question

Describe why intercultural communication is a necessity

Answered: 1 week ago